Bullish Signs for MATIC: Will It Reach $2? Polygon's Red Flag: While the crypto market surged,
MATIC faced a setback on its daily chart, missing out on a potential bullish breakout.
Sluggish Sentiment: With
MATIC trading at $1.05 and a drop in its Weighted Sentient, the market sentiment wasn't looking too bright.
Captain Faibik's Insight: Amidst the uncertainty, there was hope as Captain Faibik hinted at a bullish triangle pattern, raising the possibility of
MATIC hitting $2 soon.
Resistance Ahead: But it won't be an easy climb. Data from Hyblock Capital suggests that liquidation pressure could surge at $1.08, posing a hurdle for the altcoin.
Mixed Signals: Analyzing the charts, Bollinger Bands indicated high volatility, while MACD favored buyers. However, RSI hinted at a potential delay in reaching the coveted $2 mark.
In this rollercoaster ride for
MATIC, all eyes are on whether it can break through resistance and make that leap to $2. Stay tuned!
Disclaimer: This is not financial advice. Please do your own research before investing.
